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20131202
20131210
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Search Results 0 to 22 of about 23 (some duplicates have been removed)
to and was for surplus, what was the reason behind this is deficit and is it is inspected to continue? -- expected to continue? trade deficit was much larger than expected. that is the main cause for the current account balance deficit in october. the current account is not expected to continue in deficit. the weaker yen, that is pushing up energy costs. the trade deficit is expected to continue for the foreseeable future. even with the weaker yen, this'll push up export, but not enough to counter the effect of the higher cost of oil and gas. we are seeing an increase of consumer goods and the materials for housing and consumers to buy more. year, you willt see a lot more. that will push up the trade deficit even more. james in tokyo. thank you. program,g ahead on the the icing on the cake for the baking industry. more on that coming up later. and jpmorgan with a strong performance. when "asiaad to that edge" returns. ♪ .> breaking news an ipo is said to take place in everbright.r billionssaid to seek in hong kong dollars in shares sales. let's see what else is going on. positive news coming out
was expected. that has affected the fiscal position. by this time, the forecast was that the budget deficit would be 60 billion pounds. it is 120 billion pounds. that was supposed to start coming down in 2015. it will not peak until two years later. the fact that the economy has not recovered as fast as projected has caused the budget deficit problem to become much worse than it would've been had the economy grow faster. you might say that was just bad luck. i think the slow recovery, almost lack of recovery for two years, was a result of the austerity policy. a recovery,we have does austerity make more sense? placet faith can we in the new forecast? we were supposed to grow two point four percent this year. it will be about 0.8%. >> they are revising the incomes around 1.5%. >> ok. things are improving. then you go forward to the next year in the year after. then you have to ask what are the drivers of a broad-based recovery going to be? i think that it is very narrow. prices, assets, and some parts of the country. >> the government has announced plans to spend more on infrastructure. do y
are not going to sink our economy. plus, the annual deficit is dropping fast. according to the congressional budget office. in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. homeowners, one minute home he is. what is going on. talk rabbiting numbers we have more homeless school age kids in america than ever before. >> right. >> so we have to have a whole new conversation about american
it has been the first time in a number of years. talk about a deficit. we will see if we have anything that has not been leaked to the market. we have a statement and there is a bit in this statement. joining later with the details. >> we have the forecast from the ecb >> it is higher. do not expect that from the ecb. the rate policy could go and it surprised everyone. is that the ecb has more work to do. >> we have corporate news. >> keep a look on the luxury markets. it could go a little bit higher. shares and weo .5 see it down. it is more luxurious. it is dependent on europe. and it is in the wholesale market. you let's go to our international correspondent. gaining mobile may be state approval for a new license. that could mean assets and 8 million subscribers. the next month, the iphone is on sale. >> thank you so much. a center and a stamp of approval from regulators in china. general motors is rolling chevrolet. out andputting a note charges 700 million in to the european companies. it is focusing on this. we will have more on this car sector later today you have the s
an end to the war on budget deficits and pledging to fight the deficit of opportunity for the poor and middle class. in a speech wednesday on his economic priorities, the president said the federal deficit is under control and doesn't present a serious threat to the economy. he focused on the gap between the rich and the poor and making the case for raising the minimum wage to more than $10. while extending unemployment benefits. >> we know that we're going to have greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty and that is why it's well past the time to raise a minimum wage that in real terms right now is below it was than when harry truman was in office. >> republican leaders quickly took issue with the president's poach. house speaker john boehner suggesting the president's policies created the very problems that he described. >> meanwhile republicans and democrats are trying to hamme
that was quite worrying, the good news regarding the fiscal deficit is only cyclical. get us growth slowdown going forward, we might not see the fiscal contraction of the deficit that we really need. essentially our spending habit 's have not changed that much. we have been in austerity for so long, it was a shame that it was not more structural change. >> what does it mean for sterling capitol when you look at the top 10 currencies. this is against the other nine. can its strength continue. >> it depends on the bank of england. if it threatens the inflation target of two percent, we have target. inflation and this could force the hand because the strong pound could all of a sudden having a real problem of their policy. now, there is a real threat of that sum will push this into deflationary territory. is that real concern for the bank of england? >> it is not on their forecasts at the moment that we have seen such a huge appreciation of sterling already. at 164 level does look very sticky. it will take a little to push us up there. if we were to see a 500 moving. >> thank you. we will get h
are critically and reduction of the deficit. he would reduce the deficit by 10%. the hope is he can do more on that. have a lot of married couples and free school meals for kids. of course, the tapering with energy -- what will the impact be? [laughter] >> we would not want you to be chilly. that was manus cranny live from westminster. we will bring you a speech -- osborne's speech live. >> the ecb will publish its decision following last month's surprise rate cut. focus will be on mario draghi. here witherro is details. >> it is hard to follow manus cranny. [laughter] let's talk about these forecast. a reason many people thought they would cut a rate this month and not last month. the rate cut would come with the company forecast. what we will get is something as bright as the u.k.'s forecast. they currently predict one percent growth for next year at inflation is at 1.3%. that is well below the 2% target. it is important. it might sound a long way off. we know that dally on swift guidance -- dalliance on guidance -- you might get some color on that. >> and deflation, is that justified? we
, and the speaker said this himself, he did not want to include savings from the farm bill as part of deficit reduction or sequester replacement even though they called for that in their budget. what they are saying is that do not want to take away some of those big agriculture subsidies as part of this effort. they would rather pick on middle income taxpayers. we believe when you are replacing a sequester, you need to do it in a way that calls for shared responsibility. finally, as the leader said, wo ay's after christmas -- days after christmas unemployment compensation for millions of americans runs out. one woman testified that she lost her job because of the sequester. she worked in a biotech company and because of the cutbacks in places like nih, she lost her job. she has been looking hard for a job and cannot find it. she has a stack of letters two feet high in terms of her job applications. these are hard-working people who have been working hard, lost their jobs, are still looking every day, and the final point i want to make about that is it is not only the right thing to do to help
retreated to a seven-week low after the country posted a bigger than expected trade deficit in october. but india as performed opposed strong opposition. now for individual movers, chinese telecom equipmentmakers succumbed to profit taking. zte tumbled almost 6%. meanwhile datang telecom down almost 7%. just one day after the issuing of these licenses, a deal is signed between apple and china mobile. according to "wall street journal," this could mean china's largest telco could start to offer isos on its network to 700 million subscribers. it could potentially draw a larger custoday. it's competitor gained 0.25% in china telecom. back to you, ross. >> thanks very much for that, sixuan. carl icahn announcing a tweet that he would submit a proon posal to apple shareholders for a 50 billion buyback program. that's lan than the 150 become buyback program he was previously pushing for. >>> well, we have heard from the japanese economic minister, amari, it was he's been with early stage tongue cancer. he's offered to resign, but the prime minister has refused his request. he remains in the
the short term cost savings is a long-term deficit. over hearing some of the clients they're worried about those kits. so i that we can't just talk about the cuts what are the long-term financial as well as social complications >> what are they. aging at home and services at home should be priority because their in fact, better for the fiscal satellite as well >> thank you. no further questions and a supervisor breed >> thank you for coming to speak with us. i want to ask you what you're thoughts are on around some people who are aging in homes but are electrocuted and sometimes that leads to challenges of desh and those kinds of things. what's our thoughts on other ways to not only allow people to imagine a in their homes but how do we effectively service them not just physically but some of the mental champs that happen >> i'm with a psych practitioner. i was at a meeting in the institute of learning they have 8 thousand calls monthly search and seizures with the very problems their
-term consequen consequences and builds deficits into our future. we need to take those into account as you all craft policy, we as advocates promote policies. this is not just an immediate problem. it's a long-term crisis for our country. >> i would love to hear from you all. are people saying, hey, lisa, vera, we would hire you, but we know you wouldn't stay here for this $8 an hour, so therefore, we aren't going to hire you? >> representative moore, here is how i want to answer that. you can't prove age discrimination, but i lost my job of 14 years two weeks before i turned 50. two black happy birthday balloons were very appropriate this year. on the online job applications that you are forced to fill out, they make you put in the dates of your college degree or you can't go further. you have to put in a date. so yes, can you prove it? probably not. so here is what i was on the verge of doing. i have a friend in the billboard business. we were going to put a billboard, and i'm totally serious, and if you knew me, you know i'm serious. >> i think i know you. >> i was going to put a billboard
deficit reaching out to some discussion about this alarming. add to the commercial hub is like a civics with the outbreak of the epidemic. then the forty seven thousand visitors vaccination. the defendant's refusal of the budget documents to be in the end of the organization program of the country. after that the demented ropes activists of all the time i took that as the benefits of bad vaccinations and again it is a western plot to sterilize muslims. the director had about but found that the porto by respondents said yes please read the perspective of the strip had the energy and focus on in the wall the demise of south african leader nelson mandela on thursday. jackie up a five course it was a great fit it in debt and a bit of inspiration all humanity president the democrats he said. wisdom promo could shoot him in the men's team and it is the more joy and peace be with the portuguese injustice in that sense of the cycle of humanity it's the top. i just said that. it is too old to justice. for what. most don't. stick onto ocean. this is a certainty. it didn't waste. oh what the grump
about that next in the next segment. . >> a relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> the president on wednesday speaking at the center for american progress. he talked about invoking the fast food workers, liberal economists writing in the new york times responded by writing finally our political class has spent years obsessed which a fake problem worrying about debt and deficits that never pose a threat to the nation's future, showing no interest in stag nateing wages. mr. obama i'm sorry to say bought into that diversion. now, however, he is moving on. isaac, do you share that reading that paul had, two, three years ago, everybody in washington was old souls on a deficit reduction including the president, himself, now even president obama is showing publicly an inclination to show that warren style populism. >> i think the rhetoric has changed. just to go back to the last seg him, jonathan was saying the tea party has people in washington. there is elizabeth warren. i think if it's going to come, it'
their budget deficit targets. the brussels, frankfurt, berlin group will be trying to force them to comply. >> charles dumas, staying with us. >>> coming up on today's show, let me tell you what's ahead. taper talks go into overdrive as markets await the u.s. jobs report. but as experts look at last month's numbers, we assess how this could affect strategy. >>> and capital markets dry up in the sector, we'll discuss where to find value at 1020 cet. >>> the race is on to name asia pacific's number one tech hub. we'll take a look at the fastest growth technology firms. >>> and world cup fever hangs in the balance as nations find out who they are playing. we'll discuss the travel implications at 1045 cet. ya know, with new fedex one rate you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. >>> deal or no deal? the wto is trying to reach an agreement. >> the right to food security of the poor people, then only they will be saved. strengthening of wto is a shared responsibility of
chairman in d.c. and governor of ohio with the largest deficit in our history now balanced with a surplus, we want to get them to focus on doing their job. we all have to get behind this, republican governors, democratic governors. we have $17 trillion debt. it is sucking a lot of the life out of our country. we have the chinese using american dollars that they take from us to recycle in places around the world with the influence they have. we've got to balance the budget. it will restrain them. it will lead to greater economic growth. it is time to get back on this again. i think it is one of the most important issues the country faces. it will be interesting to see if democrats and if liberals recognize the fact at some point they have to be responsible in that town and meet the challenge of these deficits. >> you have been fighting it your entire public life. that is exciting. let me ask you. i have been struck since i'm in here by how many people are concerned that the republican party will repeat the same mistake in washington, d.c. that they made over the last several months. you kn
the economy because it is growing, he cannot ask about the deficit because it is falling. he cannot ask about the numbers in work because they are rising. people can see that we have a long-term plan to turn our country around, and people can also see him sitting in his room, desperate for bad news to suit his own short-term political interests. >> one in eight men will be diagnosed with prostate cancer, the silent killer of middle-aged men. survival rates have risen from 30% to 80% because of breakthroughs in genetics, diagnostics, and drugs, and because of charities such as movember, which has gone from five blokes raising $500 to the world's biggest prostate charity raising $300 million. will the prime minister agree to meet me and representatives of uk research charities to see what we can do to make the nhs adopt innovation more quickly? >> my hon. friend raises a very important issue. everyone wants to see more research and better outcomes for prostate cancer. may i personally praise him for that magnificent growth on his top lip? i have noticed the number of my colleagues, suddenly res
and also the us trade deficit shrank as exports the assertion that really now puts the friday jobs numbers of well into focus. so we'll keep track of the hallmark has developed over that not domestically. there's also a focused effort to gain as investors eager to be like keeping a close eye on whether the bank of japan is going to implement further policy action in order to achieve its target of eighteen percent rise in consumer prices a lot of domestic focus as well fight and the dollar remain as we've been on covering still in the one o two yen levels where do we stand exactly this thursday morning. yeah exactly i caught a little bit of fluctuations in t dollar yen during the summer to write up of him to put thirty c to thirty four is the thing come off a little bit from the highest hundred ft points thirty seven on tuesday to these current levels thus traders the cash in on the dollar's recent gains the euro hundred and thirty nine points or one two zero nine euro yen and that remains stuck in a range ahead of the key central bank policy meeting later today if the european central bank
. you're right. they have a big current account deficit. if and when we see a beg effect on tapering, we may see them suffer. >> violence with the mines. this is a nation that has a lot of questions open. >> absolutely. he didn't solve everything but certainly i think things could have been far worse. >> and also the metamorphosis just as gorbachev was changing the world as well. >> he shifted in four years. the castro bothers, 50 years, they still haven't. >> it's nice seeing you down here. >> you, too. >> as massive ice storm is moving across the country bringing freezing rain, snow, sleet and jim cantore joins us. >> reporter: thank you very much. normally in the east the sun comes back up and it warms up and everything melts. unfortunately it's only going to get colder. this morning we started out at 30 degrees and now it's all frozen and the same this evening is happening on the road. you'll notice the cake and the glaze, you have to pry this off. the salt and sand trucks are dealing with the main there owe fair -- thoroughfares. but mass transit, about a thousand fights in and out
challenges that your country is, and we went through a strategic review several years ago and a deficit reduction action plan, all of which has decreased our budget by 10-15%. and and this has required all kinds of trade-offs along the way too. going forward and recently we just had the speech which indicates that the government is looking to refurbish their canada first defense strategy and in that way allows us to look at where we can invest in new areas. so there will be trade-offs to come certainly within a stable envelope of tight resources. >> okay. and then the last question i wanted to ask is on author rad. norad. and you mentioned in your comments that, expansion, if you will, into the maritime domain, i think there's a lot of interest, too, in cyber domain, and you did reference the author rad strategic -- norad strategic review that's underway. can you give us some insights into what the u.s. and canada are exploring into that strategic review and what types of changes we might expect to see come out of that? >> i know that the commander of norad who is not only the u.s. comm
deficit. that has gotten lost in this discussion, the massive debt continues to not shrink and continues to pile up for future generations. host: would you support it, short-term deal for congressional resolution? guest: it would depend on what is in it. i think most conservatives would say, we have to do something about obamacare. we have to show the american people would think it is not working. perhaps that would be not allowing the sixth in the medicaid funding to continue to be sent generally to blue states. if we can maintain the sequester level the that is a minor victory. you mentioned the shut down. would you support that prospect if it came up again? guest: i didn't support the last one. there's no bill of a shutdown. when the president and senator reid said, give me everything i want or we will show the government down, we passed 14 bills while the senate has none. i think we blinked but it did draw attention to the failures of obamacare and the fact the president and the democrats -- they own obamacare. that is not the republican of the -- that is not the fault of the republi
. the possibilities of how to cut the deficit, that's all been discussed over and over ad nauseam again. if we talk about spectrum sales one more time, i think people will start passing out. it's all about the political will. is the political will there this time? >> the calculation has been the pain will inspire political will. we haven't seen this before. every time people say it's going to be fine, we're not going to have a shutdown or play chicken with the fiscal cliff and we do. here's what's perhaps a little bit different, the fact they're negotiating in good faith in private is good. the question will be can republicans accept any revenues from closed loopholes or is that off hand? >> they need to cut. they're on solid ground in terms of wanting to cut. they voted for the sequester. that was a mistake. i like the quiet. >> reality check here, both the democrat and republican version are austerity budgets, the question to what degree. >> hopefully they do the smart thing administratively and give the power of cutting back to the agencies. these guys shouldn't be figuring what cuts to make. >>
the recession started six years ago. we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances in a few words continue. the report also sets out the economic impact of a failure to act. it occurs with cbo, wall street analysts and other economists, that allowing the federal ui program to expire who cost our economy at least 200,000 jobs next year because of reduced consumer demand. for this congress to ignore the national economic impact would be shortsighted. to ignore the human, the individual human impact would be cold hearted. t
Search Results 0 to 22 of about 23 (some duplicates have been removed)